Steel News

Nucor Moves Forward on Italian Beams Venture with Duferco

14 May 2008 - Nucor enters agreement to acquire 50% of its Duferdofin-Nucor Srl beam production and distribution joint venture with Duferco, for euro 423.5 million.

ArcelorMittal Announces Changes to Management Committee

14 May 2008 - ArcelorMittal announces a number of changes to its Management Committee, including the retirement of Chairman Joseph Kinsch, and the assumption of his role by CEO Lakshmi Mittal.

Siemens to Supply Equipment, Drives, Automation for Posco Process Lines

13 May 2008 - Siemens Metals Technologies will supply special equipment, drives and the automation system for a cold-strip annealing, pickling and finishing line at Posco’s Pohang plant.

Siemens to Equip New Process Line for BlueScope Indonesia

12 May 2008 - Siemens Metals Technologies will equip a new integrated zinc-coating and painting line at PT BlueScope Steel’s Cilegon site, the only production facility in Indonesia that produces coated and painted steel products.

BlueScope Steel Confirms Stronger Outlook in Second Half of 2008

12 May 2008 - BlueScope Steel confirms that it remains on target for a stronger second half, and advises the market of changes to its external reporting business segments.

Corus IJmuiden Launches New Zinc-Based Hot-Dip Coating

12 May 2008 - International steel producer Corus is to launch a new hot-dip zinc-based metallic coating with superior corrosion properties and the potential to significantly decrease coating thickness.

Siemens Modernizes Coke-Oven By-Product Plant for Isdemir

09 May 2008 - Siemens Metals Technologies completes the expansion and modernization of a coke-oven by-product plant for Turkish steel producer Isdemir.

JFE Steel to Boost Coal Output in Australia

08 May 2008 - JFE Steel and JFE Shoji Trade have agreed with their joint venture partners to significantly expand production at the Carborough Downs coal mine in Queensland, Australia.

Siemens to Modernize Cold Rolling Stand for Alunorf

05 May 2008 - Siemens Metals Technologies will modernize the Aluminium Norf GmbH (Alunorf) Cold Rolling Stand No. 4, including the addition of new cooling beam for selective roll cooling and inductive edge heating.

ArcelorMittal Restores 25% Free Float in China Oriental

05 May 2008 - ArcelorMittal announces a series of measures that will restore a 25% free float in China Oriental Group in compliance with the listing rules of the Hong Kong Stock Exchange.

SMS Group Reports Record Business Year

05 May 2008 - SMS group describes 2007 as a record business year, with pre-tax results of EUR 176 million that were double the previous year’s figure of EUR 85 million.

Iron Ore Company of Canada Settles Prices with ThyssenKrupp

02 May 2008 - The Iron Ore Company of Canada reaches agreement with ThyssenKrupp Steel AG on prices for IOC Carol Lake iron pellets and concentrates for 2008.

Sidor Shares Declared of Venezuelan Public and Social Interest

01 May 2008 - The Republic of Venezuela’s National Assembly passes a resolution declaring that the shares and assets of Ternium SA's majority-owned subsidiary Sidor are of public and social interest.

Esmark Agrees to Merge with Essar Steel

01 May 2008 - Esmark agrees to the material terms of a proposed tender offer and merger with Essar Steel Holdings Limited for a cash purchase price of $17.00 per share.

ArcelorMittal, Vale Sign New Long-Term Iron Ore Contracts

30 April 2008 - ArcelorMittal signs new long-term contracts with Vale to supply approximately 480 million tonnes of iron ore and pellets to ArcelorMittal plants in Europe, Africa, and the Americas over the next ten years.

Linde Group to Supply Gases for ArcelorMittal’s Romanian Operations

30 April 2008 - The Linde Group will construct a new air separation unit as part of its long-term contract for the supply of industrial gases for ArcelorMittal’s Romanian operations.

Highveld Agrees to Disposal of Vanadium Assets

29 April 2008 - Evraz Group’s Highveld Steel and Vanadium Corp. enters definitive agreements with Vanchem Vanadium Products (Proprietary) Ltd. on Highveld’s disposal of certain vertically integrated vanadium assets.

Three Major Japan Steelmakers Log Net Profit Drops in FY 2007

29 April 2008 - Under the weight of rising material costs, three of Japan's four major steelmakers post reductions in group net profits in fiscal 2007, while industry leader Nippon Steel posts a 1.1% rise in net profit.

ThyssenKrupp Steel Celebrates GM Recognition as a 2007 Supplier of the Year

29 April 2008 - ThyssenKrupp Steel AG receives the General Motors 2007 Supplier of the Year award for its significant contributions to GM’s global product and performance achievements.

Outokumpu to Acquire Italian Stainless Steel Distributor SoGePar

28 April 2008 - Outokumpu will acquire the SoGePar Group, an Italian distributor of stainless steel, for EUR 195 million in cash and the assumption of EUR 140 million in company debt.